Harvest Global Investments is launching an exchange traded fund in Hong Kong targeting demand from institutional investors in the Asia-Pacific, Europe and the US for sustainable Chinese investments.
The Harvest CSI 300 ESG Leaders Index ETF will debut on the Hong Kong exchange on March 10 and track the index the fund house has developed that incorporates 100 A-share companies it rates highest in terms of compliance to environmental, social and governance standards.
The scoring system gives an equal weighting of 33 per cent to the three factors that comprise ESG and uses 110 data points covering “green revenues”, environmental penalties, human resources management and employee benefits, as well as executive pay and accounting governance.